Citibank Champions Energy Efficiency with £5.2m Project

Download PDF Print this article E-mail

KONsys has registered a rapidly growing demand for AVReporter Energy Management Software from banks and data centers. Amongst the main reasons the followings can be found:

  • ensure the continuous and secure operations
  • lower operational costs
  • achieve optimum Power Usage Effectiveness (PUE)
  • manage access control
  • leverage split HVAC systems to provide heating and cooling
  • support varied hours of operation

Many banks are applying centralised energy management systems now or searching for the right solution. Global bank Citi is also ready to invest £5.2 million in energy efficiency measures, as it seeks to cut energy costs and reduce greenhouse gas emissions.

Citibank aims to cut the power consumption of its London data centre by 10% in a first-of-its-kind project backed by the UK Green Investment Bank (GIB).

GIB, which was set up by the UK government and uses public funds to finance green projects and meet the UK's green economy objectives, says the project will not only make environmental sense, but bring with it financial rewards.

Shaun Kingsbury, chief executive of GIB, added that the venture will not involve Citi having to use up any capital, as the cost of the project will be paid for by the power savings achieved.

Citi's UK datacentre will undergo something of a transformation, with the installation of a combined cooling and power system together with energy-efficient cooling units, generating 71% of the hub's power needs.

Business minister Matthew Hancock welcomed the investment and suggested that more companies should be made aware of the financial benefits of implementing energy efficiency systems.

"Reducing energy costs makes sound business sense and shows that businesses across the UK can benefit from making the most of green technology," he said.

For a facility such as a datacentre, energy can represent up to 80% of running costs, which makes incorporating energy efficiency measures particularly important.

John Killey, head of global building operations group Citi Realty Services, suggests the decision to shift away from mains electricity was something of a no-brainer.

"It provides us with sustainable on-site cooling and power that requires no upfront capital expenditure and that creates enduring savings in our annual operation costs and supports us in reducing our greenhouse gas emissions," he explained.

To read a completed case study and find more technical and functional details on energy management system solutions for banks and data centers, click here

Citibank energy efficiency

Newsletter

News

  • VEOLIA- Energy Management Solution for utilitiesVeolia is one of the market leader companies in Hungary in the energy, water and waste management industry. The group company employs approximately 2,500 people who provide professional services to various towns, institutions and industrial companies enabling them to efficient manage resources, while the water utility and district heating branches of the company supply drinking water to hundreds of thousands of families, and heat to tens of thousands of households. With its more than 20-year professional experience Veolia is a determining participant of the Hungarian energy market. The energy branch of the company group provides energy to various institutions of 50 local municipalities, 85 state-owned and public buildings, 30 health institutions and 31 industrial plants, while its district heating networks supply 67,000 residential and institutional customers nationwide. In the three power plants of the company operate high-efficiency natural gas blocks and blocks utilizing renewable energy (biomass).
  • Meet us at the Utility Week in BarcelonaThe European Utility Week aims to be a serious information platform connecting the smart utility community, focusing on regional and global developments in Grid Optimisation, Renewables, Energy Storage, Smart Metering, Smart Cities, Smart Homes, Energy Services & Efficiency, Intelligent Buildings, Data Management, Analytics and IoT, Cyber Security, Smart Gas and Smart Water.  The event serves as an annual meeting point for the community and will be attended by 12.000 international visitors, 450 speakers and 600 exhibitors. 
  • Remote Desktop ServiceAs part of our sales support options, remote desktop service is high on demand.
  • AVReporter Windows Phone & IPhone Mobile Client (Remote Meter Reading)With the support of this application the measurement data (identifying meters manually or by QR code) can be entered and sent via email (attachment in CSV file format) easily into the AVReporter server application.  
  • Technical SpecificationsBelow are some of the specific key elements of AVReporter: